Gateway First Bank to acquire Colonial Savings
The transaction is expected to close in the first quarter of 2027
Banking
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Huntington promotes Brant Standridge to president
Former Truist executive joined Huntington in 2022 and led integrations tied to Cadence and Veritex expansion
House passes bill to ease banking regulations
The House passed H.R. 6955 by 270-154, easing capital and supervision rules and some merger reviews for community banks.
Banks eye bigger role in mortgages as regulators reconsider capital rules
Top banks in the mortgage space have relied on a similar playbook for years, but they say they could become more aggressive if upcoming changes to capital rules provide more flexibility.
Trade groups push for lower MSR capital charges, tailored mortgage risk weights
Eight trade groups representing lenders are urging federal regulators to revise bank capital rules by adopting a more tailored risk weight for mortgages held on balance sheets and by significantly cutting the capital charge applied to mortgage servicing rights.
Huntington Bank’s Carolyn Gorman on expanded mortgage footprint with Cadence, Veritex partnerships
Huntington Bank projects a 50% rise in mortgage production after acquiring Cadence and Veritex, expanding in Texas and the Southeast.
Bank capital relief may not quickly shift mortgage market dynamics
Regulatory changes to how banks treat mortgage assets — anticipated this week by Federal Reserve Vice Chair Michelle Bowman — may have an impact on the mortgage market over time, analysts said.
Fifth Third buys Comerica in nearly $11B deal
The transaction is expected to close by the end of the first quarter of 2026, pending approval from each company’s shareholders.